Refund guide - Part 1

Refund and bookie offers are provided by bookmakers as an incentive to bet on a selected market or event. Usually it is a way to promote an important event such as a big football match and a way of gaining custom over other bookmakers.

These offers can add value to bets placed and by using a betting exchange you can often qualify for a refund offer without risking your own money in the first place. This is done by taking your bet with the bookmaker and laying it off at one of the popular betting exchanges effectivly reducing any risk you had by betting to almost nil.

This then has the added value that should the refund offer occur you will profit by the amount of the refund or offer. There are some points that you need to be aware of first in order to maximise any profit you make as follows:

Select a bet that can be layed off at a betting exchange for as small loss as possible (a close match in terms of odds).
Make sure the bet you place qualifies for the refund offer and that it is placed on the correct market.
Avoid any temptation you may have to ‘gamble’ after all this method is designed to reduce any risk to as close as nil as possible.
Be prepared to take a small loss (usually around 5-10% or your initial bet) in order to qualify for the refund offer.

As long as the above points are followed then it really is a matter taking part in the bookie offers and laying them off until one pays out.

Part 2 will look at the basics of taking part in refund offers and how to lay the bet off at a betting exchange.

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